Micron Technology(MU) to Invest $24 Billion in New NAND Factory, Stock Surges Over 5%, Continues to Hit New Highs
On Tuesday, Micron Technology announced a $24 billion investment over the next decade in Singapore to build a new NAND flash wafer fab to address the tight supply of memory chips driven by AI demand. The new facility will be Singapore’s first dual-layer wafer fab, with a cleanroom area of 700,000 square feet. Wafer production is expected to begin in the second half of 2028. This project is expected to create approximately 1,600 jobs.
Singapore is already one of Micron’s key NAND production hubs. Earlier in 2025, Micron announced plans to invest $7 billion in Singapore over the next few years to expand its manufacturing capacity and meet the advanced memory chip demand required for AI training. Micron has long relied on Singapore and Japan as its key production bases. The new wafer fab will work in conjunction with the HBM advanced packaging factory that is already under construction, further strengthening Singapore’s critical role in the global memory supply chain. Micron’s investment aligns with Singapore’s strategy to develop cutting-edge industries, from AI to advanced chip manufacturing. The Singapore government has pledged to invest over 1 billion SGD in domestic AI research.
As AI infrastructure drives a surge in NAND demand, Micron and its South Korean competitors, SK Hynix and Samsung Electronics, have shifted their production focus to high-end AI chips, resulting in storage chip shortages for PC and smartphone manufacturers. Micron’s massive expansion is a key part of its global capacity strategy. In addition to the Singapore project, the company has just launched a $100 billion plant project in New York to ease what it calls an “unprecedented supply crunch.”
Meta Platforms(META) Secures $6 Billion Long-Term Supply Agreement with Corning, Stock Hits Record Highs
Tech giant Meta Platforms has secured a long-term supply agreement worth up to $6 billion with veteran glass manufacturer Corning to supply fiber optic cables needed for its data centers. This deal underscores the growing AI arms race, which is rapidly expanding from algorithmic models to underlying hardware infrastructure.
Under the agreement, Meta will pay Corning this amount by 2030 to ensure its ambitious global data center construction plans, particularly for AI applications, have access to the critical data transmission “veins.” This move directly complements Meta’s announcement in November of last year that it plans to invest $600 billion in the U.S. by 2028 to build data centers and infrastructure.
According to CNBC’s exclusive report, Corning will primarily supply fiber optic cables for connecting data centers internally and across regions. These fibers are the backbone of AI computing, transmitting massive amounts of data at near light speeds between thousands of GPUs. The two largest data centers Meta is currently building—its 1GW “Prometheus” data center in New Albany, Ohio, and the 5GW “Hyperion” data center in Richland Parish, Louisiana—will both use Corning’s fiber optic products.
General Motors(GM) Surges Nearly 9% After Strong 2026 Earnings Guidance
On Tuesday, General Motors released its latest financial report, which showed a 5.1% year-on-year decline in revenue for Q4 2025, amounting to $45.29 billion, falling short of the analyst consensus of $45.8 billion. The company reported a net loss attributable to shareholders of $3.31 billion, compared to a net loss of $2.96 billion in the same period last year. The adjusted EBIT margin was 6.3%, up from 5.3% in the previous year. Adjusted earnings per share (EPS) stood at $2.51, a 30.4% year-on-year increase, surpassing the consensus estimate of $2.20.
Looking ahead, General Motors expects adjusted EBIT for 2026 to range between $13 billion and $15 billion, with the midpoint of this range above the analyst consensus of $13.39 billion. The company expects net income to be between $10.3 billion and $11.7 billion and adjusted EPS to range from $11.00 to $13.00, with the midpoint above the consensus estimate of $11.73. Additionally, GM’s board of directors announced an increase in the quarterly dividend by $0.03 to $0.18 per share and approved a new $6 billion stock repurchase plan.
The company’s earnings guidance highlights that strong sales of high-priced new models and a favorable regulatory environment are driving profit growth. Even though the U.S. new car market is expected to shrink slightly this year, and some imported vehicles and components face tariff impacts, the automaker still expects to generate sufficient profits to increase returns to shareholders.